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UBS Investment Bank Chief Urges Employees To Remember Firm's Legitimate Months

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Carsten Kengeter, head of UBS’ investment banking division, sent a rallying message to staff on Sunday night urging them to “move forward forcefully and decisively” following the disclosure of $2.3bn of losses from unauthorised trading...Mr Kengeter e-mailed staff saying the incident should not “undermine our hard won achievements since the crisis." [FT, related]

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